The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes fell to a 13 year low in February.
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Long term mortgage rates fell dramatically during the
week ended March 20 according to the Primary Mortgage Market Survey
released by Freddie Mac.
Mandatory IRA distribution deadline nears
The IRS says some older taxpayers must withdraw a bit of their retirement money by April 1. No joke.
The Standard & Poor’s S&P/Case-Shiller Home Price
Indices (HPI) for January which were released on Tuesday are
reporting further bad news on the home value front.
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The National Association of Realtors announced today that total existing home sales - including single-family, townhomes, condominiums and co-ops - increased 2.9% when compared to January.
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Those investors who insisted on buying or holding on to their Bear
Stearns stock, keeping prices at near three times the $2 per share being
offered by J.P. Morgan Chase appear to have been on to something.
In what may be the first fluttering of a recovery in the housing
market, sales of existing homes last month actually
increased from January levels according to the National Association of
Realtors (NAR.)
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While year-round maintenance is necessary to keep your home in the best shape, there are more specific, once-a-year chores that all homeowners should pack into their typical spring cleaning list.
If you have checked the trading price of Bear Stearns
Company (BSC) stock in the four days since the company was sold to J.P.
Morgan Chase for $2 per share in J.P. Morgan stock, you might well wonder
why it is trading at more than twice the price J.P. Morgan is supposedly
paying for it.
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